The Bank, Also Known in Hungary, Is Implementing Home Office

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Italy's second-largest bank, UniCredit, has abolished the option of teleworking for senior managers with immediate effect. According to unions, the financial institution will extend the restrictions to its entire workforce from the beginning of next year, effectively ending the current system of working from home, Reuters reported. It is not clear whether the decision will also apply to its Hungarian subsidiary.

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UniCredit has abolished the option of working from home for its senior executives with immediate effect and plans to extend the restrictions to the entire workforce from next January. The bank justifies the move by citing the importance of in-person presence, while unions are vehemently protesting the unilateral decision, the effects of which in Hungary are not yet clear, Reuters reports.